The Department of Trade and Industry said it will not extend the zero duty on cement since its price has not gone down since its implementation.
According to Trade Secretary Peter Favila, locally made cement remains expensive as manufacturers were not “challenged” by the possible entry of imported ones.
“I don’t see [cement] prices going down,” Favila said.
Trade Undersecretary Zenaida Maglaya told reporters last week that cement prices stand at about P205 per 50-kilogram bag.
The Board of Investments earlier said a study it conducted showed that cement should be priced at P185 a bag.
Favila said the Trade department is amenable if the House of Representatives would again conduct an inquiry on cement prices.
In November last year, President Gloria Arroyo signed Executive Order 766, which cuts import duties on cement, and Executive Order 765, which slashes import duties on wheat. These tariff adjustments are effective for six months. Favila earlier said these tariff cuts were “part of government’s intervention to ensure prices are at affordable levels.”
Earlier, the Trade department said may extend the imposition of zero tariff on wheat imports for another six months. It may also slash the duty on flour to bring it down to 3 percent to zero, in bid to further pull down bread prices. — Ben Arnold O. de Vera, Manila Times
It’s women’s month!
“Support women every day of the year!”
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week
Women’s Week
Week 3: Philippine Industry and Made-in-the-Philippines
Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
Mar 4— Employee Appreciation Day
Mar 15 — World Consumer Rights Day
Mar 18 — Global Recycling Day
Mar 21 — International Day for the Elimination of Racial Discrimination
Mar 23 — International Day for the Right to the Truth concerning Gross Human Rights Violations and for the Dignity of Victims
Mar 25 — International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade
Mar 27 — Earth Hour
